These 8 banking stocks have an upside potential of more than 23% in 1 year, according to analysts

Banking stocks will continue to take a hit if there is any sign of strong inflationary pressures emerging. And the one thing that can push inflation higher is spiking oil prices. If oil prices stay at higher levels for longer than what the market has priced in, we will probably see inflation moving up, seriously denting sentiment for the banking sector. Of course, we are talking about sentiment here; the real business is a different matter altogether.